The SMI is experiencing gains in pre-market trading, while Wall Street is under pressure due to disappointing tech earnings.
Stocks like Etsy and Cigna are in high demand, but Estee Lauder has seen a significant decline due to reduced business activity in China.
The Caixin/S&P Global PMI for China's manufacturing sector indicates a rise in October, suggesting a gradual recovery in the world's second-largest economy. However, the labor market continues to face challenges, and price levels remain low.
Senior economist Wang Zhe has emphasized the importance of a sustained recovery in consumer demand for China to achieve its growth target for 2024. Policy measures are needed to effectively boost household disposable income.
On the Shanghai Stock Exchange, the index has increased by 0.6 percent to 3,299.61 points, while the index of major companies in Shanghai and Shenzhen has risen by 0.9 percent to 3,924.96 points, indicating a positive sentiment in the market despite broader economic concerns.